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Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

Thursday, August 18, 2016

”The Duties of the WTO Task Force is to Reduce the Difference of the Value of the IQD to the USD and Activating Iraq’s Private Sector”

...the WTO is telling you they have a task force in Iraq and we are doing our best to close the gap between the IQD and the USD...by raising the value...The WTO is now in position to welcome them...how will you know when Iraq is international...the moment the WTO tells you they have accepted them as members...the international status of Iraq is eager to introduce their currency...not at a program rate.______________________________________________________

Kaperoni

Article:

"Keywords acknowledges the absence of fiscal policy and accuses the institutions working for political interests Baaaguetha"

Don't confuse "fiscal policy" with "monetary policy" Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply. ______________________________________________________

mike

Article quote:

"...the lack of confidence of citizens in banks behind it are many reasons, such as lack the Iraqi government keeping its commitments to the private sector..."

Literally, for years, we've read about the banks not being up to snuff, corruption and the governments lack of support for the open market economy. Statistically speaking, they can't maintain this kind of failure and ineffectiveness forever, can they? ______________________________________________________

rcookie

Article quote:

"Ahmed Abd Rabou opened the Commerce Department a new center for Supply in the city of Ramadi..."

...HERE COMMERCE MINISTRY IS ANNOUNCING OPENING OF NEW SUPPLY TRADE CENTER IN RAMADI AFTER ACHIEVING REQUIRED STABILITY IN RECORD TIME...TO SAY THAT ABADI AND HIS NEW CABINET MINISTERS SWORN IN YESTERDAY HAD A HUGE DAY TODAY...BIG UNDERSTATEMENT...______________________________________________________

Breitling

…Iraq has been hit because of the oil prices that went down. It messed everybody up…it really did. but in the end what’s the answer? What’s on the table? Banks are having problems getting people cash. And then you have people out there say they have too much dinar out there so it’s not going to revalue. how does that work? doesn’t make any sense does it? Not only that but you have two reports that came out talking about one at 6 billion notes and one at 4 billion notes.

…Yeah let’s say it’s true…they have 53 trillion dinar…then yeah it’s not going to revalue. but it’s up to you. I’m not going to convince anyone of anything, it’s not my job. I know exactly what’s going on. I know exactly what the numbers are. And they’ve reduced it since the 4 billion note count. How long ago? I don’t know. I know what’s coming down the road….what’s going on in Iraq is pretty shocking.

...They’ve kind of accelerated what it is they want to do. That’s why you’re seeing a lot of articles coming out talking about retiring notes and stuff like that. It’s not the CBI itself. Remember how I follow the laws of Iraq. It’s the parliament, the ministry of Planning, the ministry of Finance and then the CBI…if you have those 4 talking about it in THAT order then it means something. What are the numbers. Who’s passing the law…that’s what I want to know. The CBI said they were going to add value to the currency. The ministry of planning said they were going to add value to their currency. The minister of Finance said we are going to add value to the currency. Parliament said we are going to add value to the currency. The IMF is on board so Iraq can add value to their currency…If you don’t understand this part of it, it’s tough to follow. How do you do it? The numbers are there. It’s not an opinion.______________________________________________________

Frank26

Quote:

”The GOI Signs on Thursday a Memorandum of Understanding with the United Nations that Requires the Involvement of International Investigators in the Files of the Grounds of Corruption”

the UN is there with...handcuffs...to a degree…The UN is going in to...to remove the corruption...We are waiting…and watching for the UN to be successful in what they are doing…me and my TEAMS only care about the UN, the WTO, the IMF and the USA right now...Monetary Reform is out right now in front of our eyes...even before they release Mosul to you as liberated...they have already passed all the laws for the Monetary Reform...once they give you Mosul...what did we tell you...IMO the Monetary Reform will come at you with the speed of light.______________________________________________________

ADMINBILL

NO RV YET... ONE DAY SOON WE WILL BE REJOICING. WHEN? I AM NOT SURE. IT HAS BEEN SO QUIET YOU CAN HEAR A PIN DROP. MY CONTACTS ARE VERY OPTIMISTIC BUT THEIR SOURCES HAVE GONE SILENT WHICH MEANS THEY BELIEVE WE ARE CLOSER THAN CLOSE.______________________________________________________

mike

Article quote:

"The float of the dinar that reduces pressure on the central bank in relation to the size of the foreign currency reserves..."

For me, the float is a great idea, after they've moved to Article VIII. There won't be any demand for the dinar until it's internationally recognized and accepted.

...just look at the street rate vs official rate as it stands today, there's a 9% spread. Once Iraqi's can buy Turkish tomatoes with the dinar, demand will increase. There are many in the GOI who are all for the float today because they know it will probably drop to somewhere between 1400 and 1500-$1 and it will result in lower costs for payroll etc.

I think Iraq's reserves are around $50 billion, M0 money supply is at least 30 trillion dinars and when you add in the ISX and other things, the M0 is roughly 60 trillion dinars, or a ballpark of 30-60 billion dollars worth of dinar at the 1182 rate. But what happens if you raise the rate to say 0.10? Now, that same 30 trillion dinar is worth $3 trillion dollars, that's nowhere close to 150% coverage of the curency in reserves. I'm all for the float but hopefully Iraq will get the currency into Article VIII first.______________________________________________________

Delta

CBI SITE TENDER 08/17/2016. ASKING COMPANIES TO PROVIDE THEIR TENDER FOR COUNTING AND SORTING MACHINES FOR LOCAL AND FOREIGN CURRENCY. 09/18/2016 IS THE LAST DAY TO SUBMIT THE TENDER.______________________________________________________

rcookie

Article:

"Parliamentary legal reaffirms resolve disputes about the amnesty law and vote next Tuesday"

DEADLINE OF NEXT TUESDAY TO VOTE...AND CONFIRMATION THAT ALL DISPUTES ABOUT THE AMNESTY LAW HAD BEEN SETTLED...

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